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China news roundups - March 20

Mar 20, 2015 01:23 am UTC| Market Roundups

Technical matters for the Shenzhen-Hong Kong Stock Connect scheme have been solved, Hong Kongs Financial Secretary, John Tsang Chun-wah, said, adding that he hoped it could start around the middle of this year. China...

Asia Open: Sterling sold aggressively after BOE's Haldane hints rate cuts, USD recovers to pre-Fed levels - 20th March, 2015

Mar 19, 2015 20:08 pm UTC| Market Roundups

Market Roundup US Current Account Q4 -113.5b, (consensus -103.2b, previous -98.9b) US Initial Jobless Claims w/e 291k, (consensus 292k, previous 290k) US Jobless Claims 4-Wk Avg w/e 304.75k, previous 302.50k) US...

U.S. Open: Dollar strikes back after Post-Fed slump, Greek concerns weigh on the euro – 19 March, 2015

Mar 19, 2015 11:16 am UTC| Market Roundups

Market Roundup Dollar recovers in Europe, EUR/USD 1.0631 low from 1.1062 post FOMC. SNB keeps target rate for Libor unchanged at -0.25 pct. SNB keeps interest rate on sight deposits unchanged at -0.75 pct. SNBS...

Europe Open: Markets violent on Fed’s statement – 19 March, 2015

Mar 19, 2015 06:10 am UTC| Market Roundups

Market Roundup Fed puts hike in interest rate in play, June increase on table but Yellens words and shifting forecasts highlight central banks concern. MoF flow data week-ended March 14 - Japanese buy net Y510.6 bln...

Asia Open: US $ dropped sharply across the board after FOMC statement, Yellen in no rush either - 19th March, 2015

Mar 18, 2015 19:58 pm UTC| Market Roundups

Market Roundup US Mortgage Market Index w/e 399.3, (previous 415.40) US MBA Purchase Index w/e 170.4, (previous 173.00) US Mortgage Refinance Index w/e 1720.3, (previous 1815.30) US MBA 30-Yr Mortgage Rate w/e 3.99%,...

U.S. Open: All eyes on the FOMC, Fed preparing for a rate lift-off – 18 March, 2015

Mar 18, 2015 10:58 am UTC| Market Roundups

Market Roundup Sterling hits five-year low of $1.4695 after UK data, down 0.3 percent on day. Sterling hit a six-week low against the euro. Chinas yuan hit its highest level against the dollar since mid- January on...

Europe Open: Markets await FMOC meeting – 18 March, 2015

Mar 18, 2015 05:55 am UTC| Market Roundups

Market Roundup U.S. Fed to markets: No more promises. Japan CabSec Suga: Expect higher annual pay rises to spread. EU Moscovici: Wont keep Greece in EZ at any price. US Treasury Sec Lew: Suspending G Fund...

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Economy

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

US long-term care costs are sky-high, but Washington state’s new way to help pay for them could be nixed

If you needed long-term care, could you afford it? For many Americans, especially those with a middle-class income and little savings, the answer to that question is absolutely not. Nursing homes charge somewhere...

Politics

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

US election: why it’s not the protesters’ votes that the Democrats should worry about

As hundreds of New York police officers in riot gear were called in to clear away a student protest at Columbia University on Tuesday night, the university president Nemat Shafik was saying she had no choice but to take...

Trump-proofing Nato: why Europe’s current nuclear deterrents may not be enough to face biggest threats since WWII

Though a second Trump presidency is not a foregone conclusion, Nato members are gearing up to Trump-proof the organisation and reviewing their defence strategies. Natos concerns about Trumps re-election were heightened...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Former SEC Commissioner Criticizes Broad Crypto Definitions, Lubin Challenges SEC

At the TokenizeThis 2024 conference, former SEC Commissioner Troy Paredes criticized the SEC for its expansive interpretation of digital assets as securities. Concurrently, Ethereum co-founder Joseph Lubin at the F.T. Live...

Pantera Capital Sets Record with Massive Investment in Telegram's TON

Pantera Capital has announced a record-breaking investment in Telegrams TON blockchain, marking its largest commitment to date and signifying robust confidence in blockchains future. This strategic move underscores a major...

Xiaomi SU7 Fails After 39km, Company Offers Compensation and Replacement

In a recent setback, a Xiaomi SU7 electric vehicle owned by Mr. Wen malfunctioned after just 39 kilometers, leading to significant customer dissatisfaction. Xiaomi has responded by offering compensation and agreeing to...

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

OpenAI Set to Unveil Google Rival Search Tool Next Monday, Sources Reveal

OpenAI, in partnership with Microsoft, is slated to announce a groundbreaking AI-powered search tool on May 13, challenging Googles dominance just a day before its major I/O conference, according to sources. OpenAIs...